November 24, 2024
As the Chiadzwa diamonds saga deepened this week, The Financial Gazette can reveal that the Economic Planning and Investment Promotion Ministry, is yet to prove that Mbada Diamonds is a bona fide investor in Zimbabwe.“First, we were not aware about the deal and when we were made aware…
In merging with Basil Read, Nigel Townshend, chief executive officer of TWP Holdings, said the idea was to broaden its international footprint by using the vertically integrated service of the larger group. Although reporting to Basil Read’s board, TWP would continue to trade under its own name offering…
The Financial Gazette can exclusively reveal that the bigwigs (names supplied) and other high-ranking government officials have been enjoying preferential allocation of hunting concessions, but have been reluctant to settle their obligations to the public body.As a result of the burgeoning debt, the department has since plunged into…
Movement for Democratic Change (MDC-T) Mount Pleasant councillor, Warship Dumba, who is leading the probe, said the investigation is not a witch-hunt, but an exercise meant to guide the city in the discharge of its duties.“It is a routine check to see if procedures were followed so that…
Chipinge magistrate, Samuel Dzuze, convicted Algernon Taffs of Chirega Farm, Dawie Joubert of Stilfontein Farm, Mike Odendaal of Hillcrest Farm and Mike Jahme of Silverton Farm after they appeared before him on Tuesday.In separate judgments, the magistrate found all four guilty of violating the Gazetted Land (Consequential Provisions)…
The recommendations come ahead of the EU Council of Economic and Finance Ministers meeting to be held in Brussels on February 16 in what is being seen as the first step towards the complete removal of the restrictive measures slapped on President Robert Mugabe and more than 200…
Under the agreement announced in Harare last week, China, the world’s third largest economy, would extend a US$7,35 million grant to Zimbabwe for the network expansion programme. An additional US$46 million loan will also be made available as part of the package, Chinese Ambassador to Zimbabwe Xin Shunkang…
The crisis talks are expected “in the coming weeks,” barely a month after parallel negotiations between government and representatives of various sections of the civil service failed to chalk up any progress.Government has intimated that it has no capacity to award a poverty datum line (PDL)-linked minimum wage…
Last week, Made said auditing the agrarian reform, through the US$31 million that was allocated under a vote of credit, is premature as the exercise would not give a true reflection of the capabilities of farmers due to the harsh economic environment they have been operating in brought…
For the most part, the rights issues floated left underwriters holding the new babies as nearly half of existing shareholders failed to take up their rights owing to cash constraints.But the real bad year for investors is not last year. Investors holding more than one stock may be…
